Insolvencies

• Consumer insolvencies highest since 2009 as Canadians struggle with debt

  This is the highest volume of Canadians filling for insolvencies since the first quarter of 2009, when the Canadian economy was reeling from the aftershocks of the 2008 recession.

  Economy

  May 11
  
• Why millennials in Canada are hardest hit by debt: ‘Living on the edge’

  On a per-population basis, millennials were 1.4 times more likely to file for insolvency than people in generation X aged 42 to 56, a study shows.

  Money

  Mar 26, 2023
  
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• Canadian insolvencies hit lowest level in 20 years thanks to feds’ COVID-19 aid

  The Office of the Superintendent of Bankruptcy says there were 99,244 consumer bankruptcies and proposals along with business bankruptcies in 2020, down 30% from the prior year.

  Money

  Feb 5, 2021
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• Insolvencies up in Canada in November, Alberta helping lead the way

  Alberta consumers help lead the hike in insolvencies across Canada.

  Money

  Jan 4, 2019
• More Albertans filing for bankruptcy and consumer proposals: report

  A new report shows the percentage of Albertans who can't pay their debt has spiked.

  Economy

  Sep 30, 2016